Ticker Watch: $COKE, $KOF, $FMX, $KO, $CCEP - Coca-Cola Sees Notable 5.48% Performance Surge in Past Week
The Coca-Cola theme, featuring a group of notable tickers - COKE, KOF, FMX, KO, CCEP - has exhibited a mix of fluctuations and promising trends in recent market activity. These fluctuations have resulted in both challenges and opportunities for investors, pointing toward distinctive indicators and price movements that might shape potential investment strategies.
Positive Performance and Outlook:
Coca-Cola, the flagship company in this thematic group, demonstrated a noteworthy 5.48% increase in performance over the past week. Moreover, Tickeron's analysis forecasts a probable additional increase of over 4.00% within the next month, underlining a 68% likelihood of this surge. The volume indicator and the Fear & Greed Index reinforce the positive outlook, painting a favorable picture for investors eyeing these stocks.
Highlighted Stock Trends within the Coca-Cola Theme:
Three notable stocks - COKE, KOF, and FMX - stand out within this theme, each demonstrating promising indicators that are essential for investors to consider:
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COKE - Stochastic Oscillator Recovery: COKE's Stochastic Indicator moved out of oversold territory on October 24, 2023. Such a shift often signifies a bullish sentiment for the stock. In the past, when this indicator left the oversold zone, the stock tended to move higher in the following days in approximately 73% of cases. The current price of $640.89 is positioned between the $648.67 resistance and $560.17 support lines, showing potential for an upward movement.
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KOF - Bollinger Band Breakout: KOF experienced a breakout below its lower Bollinger Band on October 18, 2023. In 75% of similar instances in the past, the price rose further in the following month. This indicates a probable upward trend for KOF, and the recent week shows a 9% uptrend, signaling a potential upward price movement in the near future.
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FMX - Moving Average Upturn: FMX moved above its 50-day Moving Average on October 30, 2023, indicating a shift from a downward to an upward trend. Past patterns suggest that in 63% of similar cases, the stock price increased further within the following month. The stock enjoyed a 4% uptrend for the month and an impressive 11% growth in the last week, portraying a promising trajectory.
Market Cap and Price Movements:
The market capitalization of companies within the Coca-Cola theme averages around $95.7B. The range of market caps spans from $895.3M to $238.8B, with KO holding the highest valuation and AKO.A being the lowest valued company. The recent average weekly price growth across these stocks was 5.48%, showcasing both positive and negative movements. FMX experienced the highest price growth at 10.68%, while CCEP faced a decline of 1.51%.
Volume Trends:
The average weekly volume growth across the Coca-Cola theme stocks experienced a decline of 26.82%. However, the monthly and quarterly volume growth averaged positive percentages of 20.27% and 31.14%, respectively. There were notable record-breaking volume increases for several stocks within the group, indicating a sudden surge in market activity.
Summary:
The Coca-Cola theme exhibits a diverse set of stocks with varying performances and distinctive indicators. Despite recent price fluctuations, a positive outlook remains prevalent, backed by various technical indicators and market analyses. Investors eyeing opportunities within this theme might find potential in the analyzed stocks, specifically COKE, KOF, and FMX, each displaying favorable trends that could be indicative of future growth.
COKE's RSI Oscillator climbs out of oversold territory
The RSI Oscillator for COKE moved out of oversold territory on November 05, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 14 similar instances when the indicator left oversold territory. In of the 14 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 12, 2024. You may want to consider a long position or call options on COKE as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for COKE just turned positive on November 11, 2024. Looking at past instances where COKE's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where COKE advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
COKE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
COKE moved below its 50-day moving average on October 18, 2024 date and that indicates a change from an upward trend to a downward trend.
The Aroon Indicator for COKE entered a downward trend on November 05, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. COKE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.470) is normal, around the industry mean (75.858). P/E Ratio (19.273) is within average values for comparable stocks, (31.998). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.544). COKE has a moderately low Dividend Yield (0.002) as compared to the industry average of (0.027). P/S Ratio (1.183) is also within normal values, averaging (3.197).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a bottling company with interests in marketing, production and distribution of Coca-Cola products
Industry BeveragesNonAlcoholic